New powerhouse takes economic transformation up a gear (2)
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Manoj [2011-05-20]
"When companies like Hewlett-Packard and Foxconn built plants in Chongqing, they raised salary expectations across the board," says He.
"As a company with a thin profit margin, we have to keep improving our efficiency through technological innovation, otherwise we'll go out of business."
Qiutian, which began manufacturing in 1993 and reported sales of 800 million yuan last year, employs 4,000 people in its Chongqing plant.
This year the team is streamlining its assembly lines, halving the number of workers required for each line from four to two.